CA Restaurant Chain Files For Bankruptcy

SACRAMENTO — A Sacramento-based restaurant chain filed for bankruptcy earlier this month, according to court records.

JIB Foods Inc., doing business as Pete’s Restaurant & Brewhouse, made the Chapter 11 filing Feb. 4, court records showed.

Established in 1987, the chain offers house-crafted beer alongside Italian fare and pub classics.

Its website lists locations in Sacramento, Rocklin, Redding, Yuba City, Roseville and El Dorado Hills, although the Sacramento Business Journal reported last month that the El Dorado Hills location appeared to have closed and in October that the Roseville restaurant had shuttered.

In court documents, the chain estimated its number of creditors at under 50 and reported both its assets and liabilities at between roughly $1 million and $10 million.

A debtor who files for Chapter 11 bankruptcy typically proposes a reorganization plan to keep the business alive and pay creditors over time, according to the Administrative Office of the U.S. Courts.

A creditors’ meeting is set for March 13 in the Pete’s Restaurant & Brewhouse case, court documents said.